Yangarra Appoints Vice President, Operations and Grants Stock Options
CALGARY, April 11, 2013 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or "the
Company") (TSX-V:YGR) announces the appointment of Lorne Simpson, as Vice
Mr. Simpson has over 30 years of drilling and completions experience. Most
recently, Mr. Simpson held the position of Manager of Drilling and Completions
at Yangarra. Prior to that Mr. Simpson was Supervisor, Drilling Operations
with PetroBakken Energy Ltd and has held various other senior level roles in
his career. Mr. Simpson has experience in the Western Canadian Basin, North
Slope Alaska and offshore deep water Gulf of Mexico. He has engineered,
drilled or completed 250 HZ Cardium wells, 200 HZ Bakken wells, 2 HZ Duvernay
wells, 25 HZ Montney wells, and dozens of Blue Sky, Viking, SWS, Glauc, and
Rock Creek HZ wells. Mr. Simpson has completed a Bachelor of Science degree
(Honors) in Business Management and has a Petroleum Engineering Technology
James Evaskevich, President and CEO, commented "In the eight months that Lorne
has been working for Yangarra he has redefined the drilling and completion
operations of the Company, significantly reducing both costs and drill times
and has given Yangarra a distinct competitive advantage in well economics when
compared to other industry players. Lorne believes in the continuous
improvement for all operations and is very passionate about delivering results
and executing the program."
Yangarra also announces it has granted options to purchase 1,905,000 common
shares at an exercise price of $0.30 per share, pursuant to its stock option
plan. All the options vest immediately and will expire on April 10, 2017.
Officers and directors were granted options on 1,400,000 shares and the
balance of the options were issued to employees and consultants.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that
term is defined in the Policies of the TSX Venture Exchange) accepts
responsibility for the adequacy and accuracy of this release.
James Evaskevich, President & CEO, at (403) 262-9558.
SOURCE: Yangarra Resources Ltd.
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-0- Apr/11/2013 12:00 GMT
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